Est. cap rate

0.9%

Assumed rent, all units

$9,080/mo

Units

2

Price per unit

$3,124,000

Est. annual NOI

$54,480

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

4

Bathrooms

4

Building size

1,647 sqft

Lot size

3,485 sqft

Year built

1940

Stories

2

Garage spaces

2

Style

Bungalow

Heating

Central

Cooling

Central Air

Pool

None

View

Ocean,White Water,Water

Status

Active

Days on market

1

MLS #

247105803

About this property

Maximize your portfolio with this turnkey investment opportunity located just 30 feet from the sand in Corona del Mar’s highly exclusive China Cove. 2715 Cove Street is a completely renovated, dual-income duplex spanning a highly efficient 1,647 total square feet, offering an unbeatable coastal location paired with exceptional revenue potential. Strategically configured with two distinct 2-bedroom, 2-bathroom units, this property maximizes its footprint to deliver an attractive layout for high-end tenants. A true asset-multiplier for the area, the property boasts an unprecedented seven-vehicle parking capacity—an incredibly rare commodity that slashes vacancy rates, commands premium rental premiums, and accelerates long-term property valuation. Both updated units are optimized for high-yield performance, offering a uniform, low-maintenance design aesthetic with premium finishes that appeal to discerning tenants. The upper-level 2BR/2BA residence features sun-drenched, open-concept interiors and selective ocean views, making it an ideal candidate for a premium long-term lease or a high-rate executive rental. The ground-floor 2BR/2BA residence maximizes its footprint with inviting private outdoor patios, perfectly capturing the indoor-outdoor California lifestyle that renters willingly pay a premium to secure. Whether your strategy focuses on maximizing dual-income rental streams, executing a high-end corporate leasing model, or utilizing a live-in-one, rent-the-other strategy to offset your debt service, this asset delivers immediate cash-flow potential. Capitalize on a rare, completely updated footprint just steps from the beach, upscale shopping, and elite dining in one of Southern California's most resilient and appreciating real estate markets.

Location

2715 Cove

Corona del Mar, Orange, CA, 92625